$14,000,000 Price Analysis   ♡   Los Angeles, CA 90034 37 bed 32 bath 21,997 SqFt ($636/SqFt) 0.56 acre lot. Built 1954 Listed 2023-06-09, Taxes $28,516 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
The Robertson Opportunity located on 1916-1920 S Robertson Blvd presents an investor the opportunity to acquire 21
997 SF of improvements formerly licensed as an ARF. The property is fully vacant, situated on a 24, 384 LAR3 lot in the WLA community of Pico-Robertson. The improvements were last used as a lcensed, 100 bed, Adult Residential Facility. The improvements include a commercial kitchen area, commissary, employee lounge, administrative office, laundry, equipment and storage rooms. The property no longer holds the license to operate as an ARF, but a new owner may be able to acquire a new license. City records indicate that the two properties were originally configured as a total o f 32 units.
A new owner may potentially be able to return the property back to the 32-unit apartments. There are several storage and garage like areas not currently allocated to residential use, making for plenty of opportunity to add ADU's within the existing structures. Alternatively, one has the potential to build a new multifamily development on the large 24, 384 SF lot. By using a variety of potential density bonus incentives, one may be able to build between 30 to 88 new units. In total, due to the tremendous opportunity to add value through renovation or new development, this asset represents a compelling opportunity for investors who are motivated to add value through renovation and/or development. Please view the OM attached for more information!
Presented by Scott Rosenberg at
Kidder Mathews of California, Inc.
Property MLS #23-278819 from TheMLSCLAW
Full Bathrooms: 32
Laundry Features: Laundry Area
Heating Features: Natural Gas
Lot Size Acres: 0.5597796
Lot Size Square Feet: 24384
Parking Total: 20
Security Features: Gated, Fire Sprinklers
Calculated Total Monthly Association Fees: 0
Number of Units: 32
Unit Features: 1 BathsTotal: 1, 2 BedsTotal: 1, 2 BathsTotal: 1, 3 BedsTotal: 2, 3 BathsTotal: 1
County: Los Angeles
Directions: East side of Robertson, South of Sawyer. Located near other great neighborhoods such as Culver City and Palms/Mar Vista.
Source Property Type: Residential Income
Area: Beverlywood Vicinity
Source Neighborhood: Beverlywood Vicinity
Owner Pays: Gas, Electricity, Water, Gardener
Parcel Number: 4302-019-003
Postal Code Plus 4: 1129
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $914,601 + $1,354,506 $2,269,107 | $28,516 |
| 2021 | $896,668 + $1,327,948 $2,224,616 | $28,100 |
| 2020 | $887,474 + $1,314,332 $2,201,806 | $28,367 |
| 2019 | $870,073 + $1,288,561 $2,158,634 | $27,292 |
| 2018 | $853,013 + $1,263,296 $2,116,309 | $26,939 |
| 2017 | $836,288 + $1,238,526 $2,074,814 | $26,381 |
| 2016 | $819,891 + $1,214,242 $2,034,133 | $25,653 |
| 2015 | $807,576 + $1,196,003 $2,003,579 | $25,292 |
| 2014 | $791,757 + $1,172,575 $1,964,332 | $25,511 |
| 2013 | $788,179 + $1,167,276 $1,955,455 | $25,506 |
| 2012 | $772,725 + $1,144,389 $1,917,114 | $25,846 |
| 2010 | $757,574 + $1,121,950 $1,879,524 | $25,922 |
| 2009 | $753,700 + $1,116,211 $1,869,911 | $25,016 |
| 2009 | $751,913 + $1,113,565 $1,865,478 | $25,016 |
| 2008 | $738,922 + $1,094,325 $1,833,247 | $24,008 |
| 2007 | $724,434 + $1,072,868 $1,797,302 | $23,211 |
$14,000,000
TheMLSCLAW
Listed 2023-06-09
$13,000,000
TheMLSCLAW
Sold 1992-03-04
$1,600,000
Public Record
Year Built: 1954
Direction Faces: West
Entry Location: Ground Level w/steps
Levels: Two Level
Property Age: 70
Property Condition: Fixer
Levels or Stories: 2
Building Total Stories: 2
House Style: Mid-Century
Year Built Source: Assessor
Architectural Style: Mid-Century
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.